OLD NATIONAL BANCORP IN
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Material Contractual Obligations, Commitments, and Contingent Liabilities
The following table presents our material fixed and determinable contractual obligations and significant commitments at December 31, 2023. Further discussion of each obligation or commitment is included in the referenced note to the consolidated financial statements.
| Payments Due In | ||||
|---|---|---|---|---|
| (dollars in thousands) | NoteReference | One Yearor Less | OverOne Year | Total |
| Deposits without stated maturity | $31,656,036 | $— | $31,656,036 | |
| IRAs, consumer deposits, and brokered certificates of deposit | 10 | 5,081,013 | 498,131 | 5,579,144 |
| Securities sold under agreements to repurchase | 11 | 285,206 | — | 285,206 |
| Federal Home Loan Bank advances | 12 | 125,243 | 4,155,438 | 4,280,681 |
| Other borrowings | 13 | 275,263 | 489,607 | 764,870 |
We are party to various derivative contracts as a means to manage the balance sheet and our related exposure to changes in interest rates, to manage our residential real estate loan origination and sale activity, and to provide derivative contracts to our clients. Since the derivative liabilities recorded on the balance sheet change frequently and do not represent the amounts that may ultimately be paid under these contracts, these liabilities are not included in the table of contractual obligations presented above. Further discussion of derivative instruments is included in Note 19 to the consolidated financial statements.
In the normal course of business, various legal actions and proceedings are pending against us and our affiliates which are incidental to the business in which they are engaged. Further discussion of contingent liabilities is included in Note 20 to the consolidated financial statements.
In addition, liabilities recorded under FASB ASC 740-10 (FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No. 109) are not included in the table because the amount and timing of any cash payments cannot be reasonably estimated. Further discussion of income taxes and liabilities is included in Note 15 to the consolidated financial statements.
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